Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,777,853 shares of the software giant’s stock after selling 103,848 shares during the quarter. Microsoft comprises about 2.8% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 2nd largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Microsoft were worth $282,146,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of MSFT. Highwater Wealth Management LLC purchased a new position in shares of Microsoft during the 4th quarter worth about $27,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Microsoft during the 4th quarter worth about $30,000. Ayalon Holdings Ltd. purchased a new position in shares of Microsoft during the 4th quarter worth about $41,000. Contravisory Investment Management Inc. lifted its holdings in shares of Microsoft by 113.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock worth $55,000 after acquiring an additional 285 shares during the period. Finally, Avondale Wealth Management lifted its holdings in shares of Microsoft by 50.5% during the 4th quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock worth $57,000 after acquiring an additional 187 shares during the period. 73.14% of the stock is currently owned by institutional investors and hedge funds.
MSFT stock opened at $128.93 on Friday. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $131.37. The company has a market cap of $970.33 billion, a PE ratio of 33.23, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The firm had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 4.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
Several research analysts have recently weighed in on the stock. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Sunday, January 27th. Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Microsoft in a report on Thursday, April 18th. UBS Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, January 31st. Nomura cut their price objective on shares of Microsoft from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, January 31st. Finally, Deutsche Bank increased their price objective on shares of Microsoft from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $135.75.
In other Microsoft news, insider Frank H. Brod sold 7,220 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $112.76, for a total value of $814,127.20. Following the sale, the insider now directly owns 53,069 shares in the company, valued at $5,984,060.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 15,334 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $112.31, for a total value of $1,722,161.54. Following the completion of the sale, the chief executive officer now owns 1,104,932 shares in the company, valued at $124,094,912.92. The disclosure for this sale can be found here. Insiders have sold 238,354 shares of company stock worth $30,340,221 over the last 90 days. 1.38% of the stock is currently owned by company insiders.
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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